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Coda Octopus Group

Nasdaq:CODA
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CODA
Nasdaq
$129M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the United States, Europe, and Australia. The last earnings update was 32 days ago. More info.


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  • Coda Octopus Group has significant price volatility in the past 3 months.
CODA Share Price and Events
7 Day Returns
-5.5%
NasdaqCM:CODA
-0.8%
US Electronic
0.8%
US Market
1 Year Returns
96.9%
NasdaqCM:CODA
3.8%
US Electronic
4.8%
US Market
CODA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coda Octopus Group (CODA) -5.5% -18% -11% 96.9% 564.4% 838.2%
US Electronic -0.8% 5.4% -3.9% 3.8% 58.1% 56.8%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • CODA outperformed the Electronic industry which returned 3.8% over the past year.
  • CODA outperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
CODA
Industry
5yr Volatility vs Market

Value

 Is Coda Octopus Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coda Octopus Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coda Octopus Group.

NasdaqCM:CODA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:CODA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 21%) (1%))
1.097
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.097 * 5.96%)
9.27%

Discounted Cash Flow Calculation for NasdaqCM:CODA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coda Octopus Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:CODA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.27%)
2020 3.90 Est @ 18.05% 3.57
2021 4.42 Est @ 13.46% 3.71
2022 4.88 Est @ 10.24% 3.74
2023 5.27 Est @ 7.99% 3.69
2024 5.60 Est @ 6.41% 3.60
2025 5.90 Est @ 5.31% 3.47
2026 6.17 Est @ 4.53% 3.32
2027 6.42 Est @ 3.99% 3.16
2028 6.65 Est @ 3.61% 2.99
2029 6.87 Est @ 3.35% 2.83
Present value of next 10 years cash flows $34.08
NasdaqCM:CODA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $6.87 × (1 + 2.73%) ÷ (9.27% – 2.73%)
$107.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $107.95 ÷ (1 + 9.27%)10
$44.49
NasdaqCM:CODA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $34.08 + $44.49
$78.57
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $78.57 / 10.67
$7.36
NasdaqCM:CODA Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.36
Current discount Discount to share price of $12.11
= -1 x ($12.11 - $7.36) / $7.36
-64.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Coda Octopus Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coda Octopus Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coda Octopus Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:CODA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in USD $0.80
NasdaqCM:CODA Share Price ** NasdaqCM (2019-07-15) in USD $12.11
United States of America Electronic Industry PE Ratio Median Figure of 91 Publicly-Listed Electronic Companies 17.95x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coda Octopus Group.

NasdaqCM:CODA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CODA Share Price ÷ EPS (both in USD)

= 12.11 ÷ 0.80

15.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coda Octopus Group is good value based on earnings compared to the US Electronic industry average.
  • Coda Octopus Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Coda Octopus Group's expected growth come at a high price?
Raw Data
NasdaqCM:CODA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.3%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.27x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NasdaqCM:CODA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.13x ÷ 11.3%

1.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coda Octopus Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coda Octopus Group's assets?
Raw Data
NasdaqCM:CODA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in USD $2.64
NasdaqCM:CODA Share Price * NasdaqCM (2019-07-15) in USD $12.11
United States of America Electronic Industry PB Ratio Median Figure of 139 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NasdaqCM:CODA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CODA Share Price ÷ Book Value per Share (both in USD)

= 12.11 ÷ 2.64

4.59x

* Primary Listing of Coda Octopus Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coda Octopus Group is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Coda Octopus Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Coda Octopus Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Coda Octopus Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coda Octopus Group expected to grow at an attractive rate?
  • Coda Octopus Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Coda Octopus Group's earnings growth is positive but not above the United States of America market average.
  • Coda Octopus Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:CODA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:CODA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.3%
NasdaqCM:CODA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 21.4%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:CODA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:CODA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-10-31 33 10 1
2019-10-31 28 7 1
NasdaqCM:CODA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-30 24 5 8
2019-01-31 21 5 6
2018-10-31 18 2 5
2018-07-31 15 1 1
2018-04-30 14 3 0
2018-01-31 16 4 2
2017-10-31 18 5 3
2017-07-31 22 4 6
2017-04-30 21 4 6
2017-01-31 22 3 6
2016-10-31 21 4 5
2016-07-31 19 5 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coda Octopus Group's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Coda Octopus Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:CODA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Coda Octopus Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CODA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-10-31 0.89 0.89 0.89 1.00
2019-10-31 0.69 0.69 0.69 1.00
NasdaqCM:CODA Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-30 0.80
2019-01-31 0.61
2018-10-31 0.49
2018-07-31 0.11
2018-04-30 0.03
2018-01-31 0.18
2017-10-31 0.37
2017-07-31 0.59
2017-04-30 0.62
2017-01-31 0.70
2016-10-31 0.60
2016-07-31 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Coda Octopus Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Coda Octopus Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coda Octopus Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Coda Octopus Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coda Octopus Group's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coda Octopus Group's year on year earnings growth rate has been positive over the past 5 years.
  • Coda Octopus Group's 1-year earnings growth exceeds its 5-year average (3313% vs 19.1%)
  • Coda Octopus Group's earnings growth has exceeded the US Electronic industry average in the past year (3313% vs 55.5%).
Earnings and Revenue History
Coda Octopus Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coda Octopus Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CODA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 23.98 8.45 7.11 2.58
2019-01-31 20.73 6.40 6.89 2.47
2018-10-31 18.02 4.99 6.78 2.57
2018-07-31 14.70 1.12 6.46 2.52
2018-04-30 13.97 0.25 6.71 2.19
2018-01-31 15.72 1.60 6.87 1.80
2017-10-31 18.03 3.34 6.77 1.38
2017-07-31 22.00 5.93 6.40 1.00
2017-04-30 21.23 5.91 5.98 1.10
2017-01-31 21.70 6.21 5.95 1.04
2016-10-31 21.12 4.93 6.10 1.01
2016-07-31 19.27 2.46 5.13 0.89
2016-04-30 20.17 2.13 5.66 0.84
2016-01-31 19.65 1.09 6.23 0.88
2015-10-31 19.23 1.07 6.14 1.00
2015-07-31 19.17 1.87 6.98 1.13
2015-04-30 18.54 1.76 6.63 1.17
2015-01-31 17.44 1.80 5.92 1.17
2014-10-31 16.45 1.63 5.82 1.13
2014-07-31 17.19 2.74 5.57 1.05
2014-04-30 19.72 4.20 5.46 1.02
2014-01-31 21.24 4.76 5.30 1.05
2013-10-31 22.34 5.32 5.33 1.03
2013-07-31 22.83 5.35 5.41 1.15
2013-04-30 21.61 5.33 5.17 1.24
2013-01-31 21.48 5.14 5.20 1.27
2012-10-31 21.13 4.92 4.87 1.33
2012-07-31 20.91 4.29 5.04 1.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coda Octopus Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Coda Octopus Group used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Coda Octopus Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coda Octopus Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coda Octopus Group has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Coda Octopus Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coda Octopus Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coda Octopus Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coda Octopus Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Coda Octopus Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 16.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coda Octopus Group Company Filings, last reported 2 months ago.

NasdaqCM:CODA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 28.14 1.29 9.37
2019-01-31 26.03 1.41 8.92
2018-10-31 24.39 2.02 7.53
2018-07-31 21.53 2.64 6.72
2018-04-30 19.80 2.76 6.94
2018-01-31 19.57 7.91 12.00
2017-10-31 13.83 8.28 6.86
2017-07-31 14.89 8.64 7.01
2017-04-30 13.68 9.00 5.79
2017-01-31 11.06 10.14 4.16
2016-10-31 10.15 10.03 5.60
2016-07-31 8.99 10.67 6.89
2016-04-30 8.92 11.54 7.40
2016-01-31 7.03 11.53 7.47
2015-10-31 4.26 15.35 6.33
2015-07-31 3.88 15.36 5.31
2015-04-30 2.81 15.15 5.03
2015-01-31 2.06 15.61 5.11
2014-10-31 2.70 15.76 5.39
2014-07-31 2.43 17.37 6.67
2014-04-30 2.05 16.92 7.41
2014-01-31 1.17 16.96 8.11
2013-10-31 0.90 16.79 8.31
2013-07-31 -0.81 15.86 8.59
2013-04-30 -3.01 15.79 6.30
2013-01-31 -4.83 16.23 5.32
2012-10-31 -5.48 16.09 5.27
2012-07-31 -6.95 15.74 3.48
  • Coda Octopus Group's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (823.9% vs 4.6% today).
  • Debt is well covered by operating cash flow (417.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 56.9x coverage).
X
Financial health checks
We assess Coda Octopus Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coda Octopus Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Coda Octopus Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Coda Octopus Group dividends.
If you bought $2,000 of Coda Octopus Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Coda Octopus Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Coda Octopus Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:CODA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:CODA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-10-31
2019-10-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Coda Octopus Group has not reported any payouts.
  • Unable to verify if Coda Octopus Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Coda Octopus Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Coda Octopus Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Coda Octopus Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coda Octopus Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coda Octopus Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Coda Octopus Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Annmarie Gayle
COMPENSATION $230,000
AGE 52
TENURE AS CEO 7.8 years
CEO Bio

Ms. Annmarie Gayle, LL.B, LLM has been the Chief Executive Officer of Coda Octopus Group, Inc. since September 2011 and as its Chairman of the Board since March 2017. Ms. Gayle served as Senior Vice President of Legal Division for Coda Octopus Group, Inc. since August 2006. She is an International Lawyer with more than 12 years' experience, with a particular focus on transactional work. She has managed large European Union projects where she implemented many law drafting, training and capacity building programs in transitional countries such as Croatia, Bosnia, Serbia and Montenegro. She served in privatization (of banking and utilities) and restructuring of state assets. Ms. Gayle has been a Director of Coda Octopus Group, Inc. since September 2011. Ms. Gayle holds a Law degree gained at the University of London and a Masters of Law degree in International Commercial Law from Cambridge University.

CEO Compensation
  • Annmarie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Annmarie's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Coda Octopus Group management team in years:

7.8
Average Tenure
52
Average Age
  • The average tenure for the Coda Octopus Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Annmarie Gayle

TITLE
CEO & Chairman
COMPENSATION
$230K
AGE
52
TENURE
7.8 yrs

Mike Midgley

TITLE
Chief Financial Officer
COMPENSATION
$212K
AGE
66
TENURE
6.5 yrs

Blair Cunningham

TITLE
President of Technology
COMPENSATION
$190K
AGE
50
TENURE
14.5 yrs
Board of Directors Tenure

Average tenure and age of the Coda Octopus Group board of directors in years:

2.2
Average Tenure
59
Average Age
  • The average tenure for the Coda Octopus Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Annmarie Gayle

TITLE
CEO & Chairman
COMPENSATION
$230K
AGE
52
TENURE
2.3 yrs

Mike Hamilton

TITLE
Director
COMPENSATION
$27K
AGE
71
TENURE
9.1 yrs

Per Wimmer

TITLE
Director
COMPENSATION
$10K
AGE
51
TENURE
2.2 yrs

Mary Losty

TITLE
Independent Director
COMPENSATION
$10K
AGE
59
TENURE
2 yrs

G. Runnels

TITLE
Director
COMPENSATION
$3K
AGE
63
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • Coda Octopus Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Jul 19 Sell G. Runnels Individual 27. Jun 19 27. Jun 19 -15,000 $12.75 $-191,250
19. Jun 19 Sell Sandy Hills B.V. Company 17. Jun 19 17. Jun 19 -57,000 $14.45 $-823,650
17. Jun 19 Sell Sandy Hills B.V. Company 14. Jun 19 14. Jun 19 -110,000 $14.26 $-1,568,600
21. May 19 Sell Bryan Ezralow Individual 14. May 19 15. May 19 -21,885 $14.72 $-321,957
20. May 19 Sell J Emerson Individual 14. May 19 15. May 19 -21,886 $14.72 $-322,177
20. May 19 Sell Bryan Ezralow Individual 08. May 19 08. May 19 -21 $19.38 $-397
14. May 19 Sell J Emerson Individual 10. May 19 10. May 19 -25,317 $15.23 $-385,346
20. May 19 Sell Bryan Ezralow Individual 08. May 19 10. May 19 -78,095 $18.43 $-1,260,654
10. May 19 Sell J Emerson Individual 09. May 19 09. May 19 -4,328 $18.22 $-78,875
10. May 19 Sell J Emerson Individual 08. May 19 09. May 19 -49,469 $18.22 $-811,795
05. Apr 19 Sell Sandy Hills B.V. Company 03. Apr 19 03. Apr 19 -890 $10.30 $-9,167
03. Apr 19 Sell Sandy Hills B.V. Company 01. Apr 19 02. Apr 19 -38,600 $10.19 $-391,551
01. Apr 19 Sell Sandy Hills B.V. Company 28. Mar 19 28. Mar 19 -5,200 $10.11 $-52,572
29. Mar 19 Sell Sandy Hills B.V. Company 27. Mar 19 27. Mar 19 -1,902 $10.51 $-19,990
27. Mar 19 Sell Sandy Hills B.V. Company 25. Mar 19 26. Mar 19 -12,765 $11.00 $-138,151
25. Mar 19 Sell Sandy Hills B.V. Company 21. Mar 19 22. Mar 19 -25,603 $11.45 $-289,978
14. Dec 18 Sell Forest Manor N.V. Company 12. Dec 18 12. Dec 18 -1,251,007 $5.75 $-7,193,290
X
Management checks
We assess Coda Octopus Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coda Octopus Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Coda Octopus Group, Inc. (NASDAQ:CODA) A Financially Sound Company?

(NASDAQ:CODA) is a small-cap stock with a market capitalization of US$61m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Did Coda Octopus Group, Inc. (NASDAQ:CODA) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Coda Octopus Group, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Coda Octopus Group Insider Transactions Over The Last Year.

Simply Wall St -

Is There Now An Opportunity In Coda Octopus Group, Inc. (NASDAQ:CODA)?

Coda Octopus Group, Inc. … A question to answer is whether Coda Octopus Group's current trading price of $5.87 reflective of the actual value of the? … Let’s take a look at Coda Octopus Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

With A 5.2% Return On Equity, Is Coda Octopus Group, Inc. (NASDAQ:CODA) A Quality Stock?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Coda Octopus Group, Inc. … Over the last twelve months Coda Octopus Group has recorded a ROE of 5.2%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Can We See Significant Insider Ownership On The Coda Octopus Group, Inc. (NASDAQ:CODA) Share Register?

If you want to know who really controls Coda Octopus Group, Inc. … Coda Octopus Group is not a large company by global standards. … See our latest analysis for Coda Octopus Group

Simply Wall St -

Should Coda Octopus Group Inc (NASDAQ:CODA) Be Your Next Stock Pick?

Coda Octopus Group Inc (NASDAQ:CODA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of CODA, it

Simply Wall St -

Is Coda Octopus Group Inc (NASDAQ:CODA) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Annmarie Gayle's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Coda Octopus Group Inc has a market cap of US$67m, and is paying total annual CEO compensation of US$246k.

Simply Wall St -

How Financially Strong Is Coda Octopus Group Inc (NASDAQ:CODA)?

Investors are always looking for growth in small-cap stocks like Coda Octopus Group Inc (NASDAQ:CODA), with a market cap of US$59m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

How Does Coda Octopus Group Inc (NASDAQ:CODA) Affect Your Portfolio Returns?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Should You Be Concerned About Coda Octopus Group Inc's (NASDAQ:CODA) Earnings Growth?

After reading Coda Octopus Group Inc's (NASDAQ:CODA) most recent earnings announcement (30 April 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I also compare against an industry benchmark to check whether Coda Octopus Group's performance has been impacted by industry movements. … Check out our latest analysis for Coda Octopus Group?

Simply Wall St -

Company Info

Description

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the United States, Europe, and Australia. The company operates through two segments, Marine Engineering Business and Marine Technology Business. It offers CodaOctopus GeoSurvey data acquisition and interpretation software; CodaOctopus GeoSurvey acquisition products, such as hardware and software solutions for field acquisition of sidescan sonar and sub-bottom profiler; and CodaOctopus GeoSurvey productivity suite of software that automates the tasks of analyzing, annotating, and mosaicing complex data sets. The company also provides CodaOctopus instruments for sidescan sonar and sub-bottom profilers; and motion sensing products, which include Octopus F180 and F170 products that bring accurate positioning and motion data into offshore conditions for marine survey applications. In addition, it offers 3D imaging products comprising Echoscope, a real-time 3D imaging sonar that provides 3D images of the underwater environment; Dimension, a 3D sonar for the remotely operated vehicle (ROV) market that provides real-time visualization for subsea vehicle applications; CodaOctopus underwater inspection system; Echoscope C500 for ROV and autonomous underwater vehicle based applications; and Echoscope XD. Further, the company provides engineering services to subsea companies and prime defense contractors; and rugged visual computers, subsea telemetry and data acquisition systems, rugged workstations, analog-to-digital converters, and rugged LCD displays. It markets its products under the CodaOctopus brand name. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida. Coda Octopus Group, Inc. is a subsidiary of CCM Holdings LLC.

Details
Name: Coda Octopus Group, Inc.
CODA
Exchange: NasdaqCM
Founded: 1994
$129,232,155
10,671,524
Website: http://www.codaoctopusgroup.com
Address: Coda Octopus Group, Inc.
9100 Conroy Windermere Road,
Suite 200,
Orlando,
Florida, 34786,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CODA Common Shares Nasdaq Capital Market US USD 24. Sep 2004
Number of employees
Current staff
Staff numbers
115
Coda Octopus Group employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:59
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/06/13
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.